Written by ForexBrokers.com
In this head to head comparison of Questrade vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Questrade and Axi are both well-established online brokers, with Questrade founded in 2000 and Axi in 2007. Neither company is a publicly traded entity nor operates as a bank. In terms of regulatory standings, both brokers hold two Tier-1 licenses, which indicates a high level of trust according to ForexBrokers.com. Questrade does not have any Tier-2 licenses, while Axi holds one. This variation leads to a slight difference in their trust scores, with Questrade earning an 86 and Axi an 82, both within the trusted range.
Choosing between Questrade and Axi may come down to personal preferences and requirements, as both offer strong credibility in the marketplace. Investors can feel confident knowing that both brokers operate under rigorous regulatory standards, underscoring their commitment to maintaining a trustworthy trading environment. Whether you're attracted to Questrade's longer history or Axi's regulatory balance, both brokers stand out as reliable choices for online trading enthusiasts.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Year Founded | 2000 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing commissions and fees, Axi comes out ahead of Questrade. Axi is rated 4 out of 5 stars for Commissions and Fees and ranks #44 out of 63 brokers on ForexBrokers.com. Questrade is rated 3 out of 5 stars and ranks #59 out of 63 in the same category.
Questrade’s pricing is highlighted by a target spread of 1.9 pips on EUR/USD, which is steep compared to the industry average. This higher spread helps explain its lower 3-star rating and #59 ranking for costs.
Axi does not provide average spread data, making direct cost comparisons harder. Even so, its 4-star rating and #44 ranking for Commissions and Fees suggest more competitive overall pricing than Questrade based on the ForexBrokers.com assessment.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Minimum Deposit | $250 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Questrade and Axi both support forex trading via CFDs or spot, and each offers cryptocurrency CFDs (neither lets you buy actual crypto). Questrade provides a wider menu overall with 641 tradeable symbols and 110 forex pairs, compared with Axi’s 175 symbols and 65 forex pairs. Axi includes copy trading, while Questrade does not.
When it comes to real exchange-traded securities (not CFDs), Questrade stands out: you can buy U.S.-listed stocks and ETFs like Apple, plus international shares such as Vodafone on the London Stock Exchange. Axi does not offer non-CFD shares. Reflecting this breadth, ForexBrokers.com rates Questrade 5 stars and ranks it 12th out of 63 for Range of Investments, while Axi holds 3.5 stars and ranks 57th.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 641 | 175 |
| Forex Pairs (Total) | 110 | 65 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Questrade and Axi both let you practice with a free demo (paper trading) account and provide Windows desktop and web-based platforms. Questrade adds a proprietary, in-house platform, while Axi relies on third-party options. Both brokers let you place orders straight from a chart, which can make timing trades easier for many users.
For platform extras, Axi supports copy trading and MetaTrader 4 (MT4); Questrade does not support copy trading and does not offer MT4 or MT5. Axi also does not offer MT5. In independent testing of trading platforms and tools, Questrade earned 4 stars and is ranked #35 by ForexBrokers.com, while Axi earned 3.5 stars and is ranked #64. In short, choose Questrade if you want an in-house platform experience, or go with Axi if MT4 and copy trading are must-haves.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Questrade and Axi both offer mobile trading apps for iPhone and Android, and both support price alerts for stocks and forex. A key difference is watchlist syncing: Questrade syncs watchlists between the mobile app and your online account, while Axi does not. If you switch between devices often, this can save time and reduce errors.
For charting, Questrade includes 64 technical studies compared with Axi’s 30. Both apps let you draw trendlines, but only Questrade auto-saves your chart drawings. Reflecting these differences, Questrade earns 4 stars and ranks 35th out of 63 for Mobile Trading Apps on ForexBrokers.com, while Axi holds 3.5 stars and ranks 60th out of 63. If you want deeper chart tools and synced watchlists, Questrade is the stronger pick; if you just need the basics, Axi covers the essentials.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research at Questrade and Axi, Questrade holds a slight edge with a 3.5/5 research rating and a #52 ranking out of 63 brokers at ForexBrokers.com, while Axi scores 3/5 and ranks #56. Both lack daily market commentary but include an economic calendar. Axi delivers forex headlines from top-tier sources like Bloomberg or Reuters, whereas Questrade’s access to such news isn’t specified here—giving Axi an advantage for real-time news, even though Questrade carries the higher overall research score.
On tools, both brokers integrate Autochartist for trade ideas. Questrade also offers Trading Central and TipRanks, which can help with technical and stock analysis; Axi does not include Trading Central and its TipRanks availability isn’t specified. Axi counters with a sentiment tool showing the long/short split across instruments, a feature Questrade doesn’t provide. Questrade does not include Acuity Trading tools, and Axi’s status for Acuity isn’t specified.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Questrade vs Axi for beginner-friendly education: both brokers provide at least 10 beginner videos on trading topics, which makes it easier to get started. Axi also hosts monthly live webinars for clients, while Questrade does not. Neither broker offers 10 or more advanced videos for experienced traders. The data provided does not confirm whether either broker meets the threshold of at least 10 forex- or CFD-specific pieces of content.
On quality scores, Questrade earns 3.5 out of 5 stars for Education, while Axi scores 3 out of 5. However, ForexBrokers.com ranks Axi higher in the Education category (#27 of 63) compared to Questrade (#36 of 63). If live webinars are important to your learning style, Axi has the edge; if you value a slightly higher education rating, Questrade may appeal more.
| Feature |
Questrade
|
Axi
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Questrade is better than Axi. Questrade finished with an overall rank of #32, while Axi finished with an overall rank of #49.
Regulated in both the U.S. and Canada, Questrade is a trusted full-service multi-asset broker now offering forex and CFDs alongside its stock trading services for active and passive investors. While its scope of educational resources and in-house research is limited, Questrade has an impressive platform lineup.
| Feature |
Questrade
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Axi
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 82 |
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Online brokers Questrade and Axi do not offer purchasing actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
Questrade vs Axi: both do not support ACH or SEPA transfers; Questrade also does not support PayPal or Skrill but does allow bank wire transfers, while Axi’s support for PayPal, Skrill, Visa/Mastercard, and bank wires—and Questrade’s Visa/Mastercard availability—are not specified.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
| Broker Screenshots | Questrade | Axi | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Questrade | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 2000 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Questrade | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | Questrade | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Questrade | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 641 | 175 | |
| Forex Pairs (Total) | 110 | 65 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Questrade | Axi | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Questrade | Axi | |
|---|---|---|---|
| Minimum Deposit | $250 | $0 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Questrade | Axi | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Questrade | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Questrade | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Questrade | Axi | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | ||
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Questrade | Axi | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Questrade | Axi | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Questrade Review |
| Overall | Questrade | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | Questrade Review |
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